Erste Asset Management GmbH Buys Shares of 39,360 General Motors Company $GM

Erste Asset Management GmbH bought a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the fourth quarter, Holdings Channel reports. The fund bought 39,360 shares of the auto manufacturer’s stock, valued at approximately $3,264,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cibc World Market Inc. grew its holdings in shares of General Motors by 57.2% during the fourth quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock valued at $16,318,000 after buying an additional 72,984 shares during the last quarter. M&T Bank Corp grew its holdings in shares of General Motors by 82.0% during the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock valued at $5,860,000 after buying an additional 32,474 shares during the last quarter. Legacy Capital Group California Inc. grew its holdings in shares of General Motors by 206.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock valued at $1,708,000 after buying an additional 14,150 shares during the last quarter. Perbak Capital Partners LLP grew its holdings in shares of General Motors by 94.1% during the third quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock valued at $2,871,000 after buying an additional 22,829 shares during the last quarter. Finally, Fieldview Capital Management LLC grew its holdings in shares of General Motors by 99.0% during the third quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer’s stock valued at $1,722,000 after buying an additional 14,048 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Down 0.1%

Shares of GM stock opened at $83.72 on Wednesday. General Motors Company has a 12-month low of $47.63 and a 12-month high of $87.62. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The firm’s 50 day moving average is $78.04 and its 200 day moving average is $78.75. The stock has a market capitalization of $75.49 billion, a P/E ratio of 33.76, a P/E/G ratio of 0.42 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same quarter last year, the company posted $2.78 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Research analysts expect that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a $0.18 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is currently 29.03%.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 23,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $85.00, for a total value of $1,955,000.00. Following the sale, the chief executive officer owned 592,242 shares in the company, valued at approximately $50,340,570. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the sale, the chief accounting officer owned 25,794 shares in the company, valued at $2,192,490. This represents a 21.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 577,567 shares of company stock worth $47,557,888. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GM. Citigroup increased their price target on shares of General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a report on Monday, June 1st. The Goldman Sachs Group cut their price target on shares of General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Royal Bank Of Canada cut their price target on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Bank of America began coverage on shares of General Motors in a report on Wednesday, March 4th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Benchmark increased their price target on shares of General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.65.

General Motors News Roundup

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: GM said it will offer some U.S. EV owners the ability to send power back to the electric grid, a vehicle-to-grid feature that could create a new energy-related service opportunity for the company. Reuters article
• Positive Sentiment: The company is expanding its energy business with plans to develop sodium-ion battery cells and sell storage systems for utilities, data centers, and the grid, positioning GM to benefit from surging power demand tied to AI infrastructure. CNBC article
• Positive Sentiment: GM also announced a partnership with Peak Energy to scale next-generation sodium-ion battery technology for grid storage, which could strengthen its position in stationary energy storage. Yahoo Finance article
• Positive Sentiment: GM rolled out a phone app feature and “Energy Pass” tools to simplify EV charging and broaden access to charging networks, making EV ownership more convenient and potentially supporting adoption. Free Press article

About General Motors

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.